yes but can you tell what YEN is thinking and do you really want to know
And no... I really don't want to know...
- #4,602
- Oct 5, 2009 1:30am Oct 5, 2009 1:30am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
unfortunately.. alot of the time, yeah... I can lol, I'll read a post by someone and immediately think "ok, this should be good"
And no... I really don't want to know...
Pharoah . . . that may be the wisest decision you'll ever make.
Greetings from Guanajuato, Mexico
- #4,603
- Oct 5, 2009 1:32am Oct 5, 2009 1:32am
- | Joined Jan 2008 | Status: Trader | 1,097 Posts
And back to trading this has a nice flat level at 143.92 mark if it pushes through it may pop with some luck so everyone close your eyes and push 
I do Good I feel GoodI do Bad I feel Bad
And back to trading this has a nice flat level at 143.92 mark if it pushes through it may pop with some luck so everyone close your eyes and push
This could be a VERY VERY bad time we're dealing with in the near future...
- #4,605
- Oct 5, 2009 1:45am Oct 5, 2009 1:45am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Well we are currently in a major S&R zone(set a vertical line at approximately 140.80), I think there should be a small level of consolidation before any real break happens. Change that chart to any timeframe 1H+, and historically you'll see that this is one of the most major S&R points that any many of us that are 17 years in experience, and no more, have seen. The last time price came to this point, and pierced, then retraced back and shot up was in 1994-1995. This could be a VERY VERY bad time we're dealing with in the near...
Greetings from Guanajuato, Mexico
Pharoah, my friend, I don't know how to break this to you . . . but it appears you started this post cold stone sober, got drunk in the middle, and then sobered up again by the end of it.
That better?
- #4,607
- Oct 5, 2009 1:51am Oct 5, 2009 1:51am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
yeah, didn't quite know how to word it, anyone with 17 years of experience or less has never seen a support and resistance level such as the one we are currently in. That better?
Greetings from Guanajuato, Mexico
- #4,609
- Oct 5, 2009 1:55am Oct 5, 2009 1:55am
- | Joined Jan 2008 | Status: Trader | 1,097 Posts
Well we are currently in a major S&R zone(set a vertical line at approximately 140.80), I think there should be a small level of consolidation before any real break happens. Change that chart to any timeframe 1H+, and historically you'll see that this is one of the most major S&R points that many of us that are 17 years in experience, and no more, have seen. The last time price came to this point, and pierced, then retraced back and shot up was in 1994-1995. This major S&R is real and has been respected 3 times already this year...
This could...
Big rejection candles at both lows
I do Good I feel GoodI do Bad I feel Bad
Yep thats why i like this set up it's been to 139.76 and has gone to 144.53 and then retraced to 140.80 which is a higher low so hopefully starting to trend up,
Big rejection candles at both lows
- #4,611
- Oct 5, 2009 2:07am Oct 5, 2009 2:07am
- | Joined Jan 2008 | Status: Trader | 1,097 Posts
It will if this breach of S&R makes new higher highs, if it makes lower highs than I think we're in for a level of consolidation.
trust me i'm living in tomorow land I should know
I do Good I feel GoodI do Bad I feel Bad
- #4,613
- Oct 5, 2009 2:51am Oct 5, 2009 2:51am
- | Joined Jan 2008 | Status: Trader | 1,097 Posts
trouble is the bloody thing is getting too close to my SL at the moment 
I do Good I feel GoodI do Bad I feel Bad
trouble is the bloody thing is getting too close to my SL at the moment
- #4,617
- Oct 5, 2009 4:39am Oct 5, 2009 4:39am
- Joined May 2008 | Status: Trader | 1,158 Posts
ah, I understand that you include the spread within the +/- 50 pips of the close.......
good luck
good luck
ah, I understand that you include the spread within the +/- 50 pips of the close.......
good luck
yeah, not workin out at this particular moment, but it may turn around and go in my favor, it's really really hard to say considering where we are.
Anyway, 3:45am now... I'm out for the eve, happy pippin everyone.
- #4,619
- Oct 5, 2009 5:03am Oct 5, 2009 5:03am
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
I like the idea of using the 4H close as well, and stated it before, but has anyone back tested it, or does it just "sound" good?
I'm in the early stages of a back test for 2009, but wanted to see if anyone has actually finished a back test that would provide some validity to the idea.
I am back
ok, as i understand the new trigger idea is to use just 4H candle close as trigger, right?
i think it is reasonable as we are talking about 50 pips stop loss. 20 pips is almost half of it. it is too wasteful.
but when Pharoah is talking about closing half position at TP1 does he mean it is 50 pips or or original Ace's box?
BTW. i was talking about taking partly profit from the start. but with full Ace box it would not be reasonable thing to do. here it is.
another addition, please notice what would you make if you open3d positions not according to week first 4H candle but as i suggested according to previous week last 4H candle. i think i tis food for thought. combining Ace system base, Yen money managment proposition of 25-30% of the box stop and using week last 4H as trigger. using as trigger just 4
h close. now, it would be nice to back test this soup
I am back
ok, as i understand the new trigger idea is to use just 4H candle close as trigger, right?
i think it is reasonable as we are talking about 50 pips stop loss. 20 pips is almost half of it. it is too wasteful. but when Pharoah is talking about closing half position at TP1 does he mean it is 50 pips or or original Ace's box?